All Properties
Under Development Retail

Northgate Retail Village

Denver, CO

Asset Type Retail
Location Denver, CO
Year Acquired 2023
Square Footage 320,000 SF
Occupancy Rate 87%
Current Value $94M
Property Overview

Northgate Retail Village is an open-air lifestyle center located at a high-traffic intersection in Denver’s rapidly expanding northern corridor. The center is anchored by a national grocery chain and features a complementary mix of dining, fitness, health, and service-oriented tenants that drive consistent traffic and repeat visits. Acquired with meaningful lease-up upside remaining, the property is executing a repositioning strategy that includes curated tenant replacement, facade enhancements, and the addition of outdoor dining structures and event programming to create a true community gathering destination.

Financial Highlights
$67M Acquisition Value
$94M Current Valuation
$5.2M NOI
5.5% Cap Rate
18.5% IRR
2.3x Equity Multiple